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The Bearish Flag pattern has been formed on AUDCHF at M5. The lower boundary of the pattern is located at 0.5597/0.5605 while the upper boundary lies at 0.5605/0.5613. The projection of the flagpole is 20 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.5597 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the AUDCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5597; the projection of the flagpole height is equal to 20 pips. In case the price breaks out the pattern’s bottom of 0.5597, the downtrend is expected to continue for further level 0.5582.

The Triple Bottom pattern has formed on the chart of AUDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.5623 with the upper limit 0.5623/0.5611, the projection of the width is 18 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.5605, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on AUDCHF M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.5623 is broken. The further movements will rely on the width of the current pattern 18 points.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5582/0.5571 whereas the lower border goes across 0.5559/0.5571. The pattern width is measured on the chart at 23 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5571 is broken, the price could continue its move toward 0.5586.